26 August, 2009

Indians spend 30,000 crore annually to deal with Power cuts

According to a pan-Indian study commissioned by Wartsila India, The Real Cost of Power, the expenses on power generation using inverters, generators and other back-up equipments is almost 80 per cent more than what consumers pay on grid supply.

Indians spend a whopping 30,000 crore every year on fuel and maintenance cost on power back-up equipments. Dwelling on the cost difference, it says a consumer on an average spends 80 per cent above the grid cost when faced with 6-7 hours of load-shedding everyday and the cost increases three-fold if all the appliances like fridge and TV are run on back-up

On the correlation between the growth of the gross domestic product and power generation capacity, the study suggests that the growth rate for both should be same